Convertible Unsecured Debentures
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DENARIUS METALS ANNOUNCES DETAILS FOR THE DECEMBER 31, 2025 INTEREST PAYMENTS ON ITS CONVERTIBLE UNSECURED DEBENTURES
Prnewswire· 2025-12-23 22:01
Core Viewpoint - Denarius Metals Corp. announced details regarding the monthly interest payments due on December 31, 2025, for its convertible unsecured debentures, specifically the 2023 Debentures and 2024 Debentures [1]. Summary by Relevant Sections Interest Payments and Share Issuance - The total principal amount of the 2023 Debentures is CA$19,886,560, with an interest payment of CA$198,866, resulting in the issuance of 320,752 shares at a rate of 0.016129 shares per CA$1.00 of principal [2]. - The total principal amount of the 2024 Debentures is CA$14,272,314, with an interest payment of CA$142,723, leading to the issuance of 223,197 shares at the same rate of 0.016129 shares per CA$1.00 of principal [2]. - The combined total for both debentures amounts to CA$34,158,874 in principal, CA$341,589 in interest, and a total of 550,949 shares to be issued [2]. Management Shareholdings - Key executives, including the Executive Chairman, CEO, CFO, and General Counsel, will collectively receive 141,092 common shares as settlement for the interest payable on their respective holdings of the 2023 and 2024 Debentures [4]. Company Overview - Denarius Metals is a Canadian junior mining company focused on the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in Colombia and Spain [5]. - The company commenced mining operations at its 100%-owned Zancudo Project in Colombia in Q2 2025, which is a high-grade gold-silver deposit [6]. - In Spain, Denarius Metals has interests in three projects, including a 21% stake in Rio Narcea Recursos, S.L., and operates the Aguablanca Project, recognized as a Strategic Project by the EU [7].
Denarius Metals Announces Details for the November 30, 2025 Interest Payments on Its Convertible Unsecured Debentures
Newsfile· 2025-11-27 22:00
Core Viewpoint - Denarius Metals Corp. announced details regarding the interest payments due on its convertible unsecured debentures, with shares to be issued to settle these payments on November 30, 2025 [1][2]. Group 1: Interest Payments and Share Issuance - The company will issue shares to holders of the 2023 and 2024 Debentures as settlement for the interest due on November 30, 2025, with a total principal amount of CA$34,158,874 [2]. - For the 2023 Debentures, the interest shares to be issued amount to 198,866 shares for a principal of CA$19,886,560, translating to 0.019231 shares per CA$1.00 of principal [2]. - For the 2024 Debentures, the interest shares to be issued total 142,723 shares for a principal of CA$14,272,314, also translating to 0.019231 shares per CA$1.00 of principal [2]. Group 2: Company Overview - Denarius Metals is a Canadian junior mining company focused on the acquisition, exploration, and development of precious metals and polymetallic mining projects in Colombia and Spain [5]. - The company commenced mining operations at its 100%-owned Zancudo Project in Colombia in Q2 2025, which is a high-grade gold-silver deposit [6]. - In Spain, Denarius Metals has interests in three projects, including the Aguablanca Project, recognized by the EU as a Strategic Project, and holds a 100% interest in both the Lomero and Toral Projects [8].